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Shares of BancorpSouth Under Pressure, Down 2.1%

Published on Fri, 01/04/2013 - 11:15
By Mallory Stone

One of today's notable stocks in decline is BancorpSouth (NYSE:BXS), down 2.1% to $14.75. The S&P is trading fractionally higher to 1,461 and the Dow is trading fractionally lower to 13,390.

In the past 52 weeks, BancorpSouth share prices have been bracketed by a low of $10.85 and a high of $15.69 and are now at $14.75, 36% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.36% higher over the past week, respectively.

BancorpSouth (NYSE:BXS) defies analysts with a current price ($14.75) 6.8% above its average consensus price target of $13.75. The stock should discover initial support at its 200-day moving average (MA) of $14.00 and subsequent support at its 50-day MA of $13.81.

BancorpSouth, Inc. is the holding company for BancorpSouth Bank. The Bank attracts deposits from the general public and originates a variety of loans. BancorpSouth operates in Mississippi, Alabama, Tennessee, Arkansas, Texas, and Louisiana. The Company also provides investment services, consumer finance, credit life insurance, and insurance agency services.

By Mallory Stone
mstone@fnno.com